Acquisition ImpactThe recent acquisition of CZ Elettronica enhances the turn-key solutions offering in the plastics and metals sectors.
Company ValuationThe Outperform rating and €12.0/share target price are confirmed, underpinned by an attractive valuation of approximately 5x FY25E EV/EBITDA.
EarningsGefran delivered a strong set of 1Q25 results, marking a clear acceleration in organic growth to mid-single digits from a flat trend in 2H24, supported by a recovery in the Sensors segment and the EU market.